Being Positive Through the Holidays - It’s Not Economics, It’s Mindset by Diana Flegal

The publishing industry has been hit hard by the economy, and due to it, many publishers have downsized, or sold out to the Big Five – which used to be the Big Six. Smaller publishers have closed, and editors are changing desks so much, I as an agent feel as if I have bought a ticket to the circus as I spend my time watching the editors swing from publisher to publisher, then onto freelance jobs, or out of sight altogether. Popcorn!? Cotton Candy!?

I am thankful for the small publishers that have started up in response to the traditional publisher’s failure to take a chance on the debut author. Thank you for providing a home for worthy books. 
   

Others have been hit by the economy as well.

Just tonight on the local news here in small town USA, it was reported that Retail theft is on the rise. According to economists, retail theft, combined with employee theft, costs U.S. businesses an estimated $42 billion a year. They cite the jobless situation as the cause and incentive for the increased theft.

I am thankful for my job.

Marilyn Geewax wrote recently in a blog titled The Economics of Thanksgiving 2014, several things we can give thanks for like, Gasoline prices are a bargain. The average gallon is hovering around $2.85, compared with $3.28 last year, AAA says.

I raise a glass of Root Beer in thanks to that one.

Fox Business News reports with the second polar vortex bearing down, fourth and first quarter GDP may not come in as rosy as expected.

Business Insider says: Thanksgiving inflation is flat this year. The average cost of a Thanksgiving Day dinner for 10 people this year is $49.41, an increase of $0.37 from last year's $49.04, but still a tiny bit lower than 2012's $49.48, according to the American Farm Bureau Federation. Read more: http://www.businessinsider.com/thanksgiving-dinner-inflation-2014-2014-11#ixzz3K9CrXMYj

I am thankful my son and I will be enjoying a Thanksgiving meal this week with my brother and his family.

Invoke conducted an Invoke Live Study with 300 participants to understand how Americans holiday celebrations have been impacted by the economy. “75% of participants stated that the poor economy is going to impact their holiday spending at least somewhat, with 35% saying it is going to have a major impact”. They also reported most folks will still be buying gifts for the children, even if they have to sacrifice travel plans and shop for deals.

Since I am really just a big kid myself, I'm thinking my gift prospects are still decent, right Santa?

Fox Business News also noted: Economic predictions are about as reliable as weather forecasts—a footnote that should be mandatory in all Wall Street reports.

So as the snow flurries fly and blanket a large portion of the country today and the Polar Vortex twists and turns, consider the things we can be Thankful for.

Our jobs, our health, our family, and the publishers we know and work with. And extra time to write the book we have been meaning to.

Gobble Gobble!

Realistic Expectations from a Small Publisher by Diana Flegal

As the publishing model has changed, in large part to eBook sales and digital publishing, many of the larger houses have scrambled to learn a new way of doing business. Debut authors have found it harder to break into print. A plethora of small presses have popped up and authors often request their agents to try them when the larger houses have responded with a rejection.

Some of these forays have been successful, with debut authors getting their books into print that otherwise would have sat in a desk drawer and the author giving up on their writing dreams. Other times, sales have been dismal despite hard work by the author and the efforts of a multitasking publisher attempting to do it all.

But we have all learned along the way. 

What exactly are realistic expectations when working with a start-up small press?

• Your print books will more than likely never see the inside of a bookstore. Bookstores require a deep discount and an unrealistic return policy small presses cannot afford.But some authors have been successful in getting their local bookstores to order their books, highlighting them in the 'local author' spot.
• Your book cover might not be of the highest quality. Especially if the company is a start-up. Some authors choose to design their own covers.The small presses I work with have vastly improved their covers since the time they started.
• The editing of your book might be nothing more than a run through spell check. I suggest my clients pay an editor to edit their book before the submission of their manuscript. Even larger houses are requiring this. Most publishers want 'camera ready' material only. 
• Some small presses are eBook only. Print copies most often are POD (print on demand) and cost a higher price to produce, resulting in "pricing themselves out of the market". Some small presses require a certain number of eBook sales before they will offer the book in print.
• Not all small presses will offer "free eBook sales". Many traditional houses will not either. They feel that book sales  have dropped because readers wait until the book is FREE. In publishing- there are often opposing opinions.
• Small presses often can not afford to provide print copies for Beta Readers. But most will provide you a limited number of PDF final copies for promotional purposes and garnering of Amazon Reviews. Amazon reviews are Gold for an author. If you have read and enjoyed a book, please take a moment and write a positive review of it.
• The marketing budget of small presses is very small. Your book's sales will largely be dependent on you, the author. This is the same with traditional larger publishers as well. The small presses we work with are go getters in the social media world and think ahead. But there are attempts and failures. Social media is a constantly shifting game. What I recommended my authors do six months ago might not be what I need them to do today. SEO (search engine optimization) is now being spoken of as old and out of date. Facebook hides our posts and plays with our averages and all we can do is keep at it, keep reading everything we can and be willing to try something new.

Small presses can be a very nice option for many authors. It is good though to have a realistic expectation of what they can and cannot do for you. As with all publishing houses, one press can have a strength another does not have and vice versa.